the_human_being
Gold Member
- Sep 8, 2014
- 15,277
- 2,741
I'm not an insurance authority. I have had a health insurance policy since I was eighteen however. In Florida, poor children are covered by Medicaid. Medicaid even covers their dentistry. Both medical and dental for poor children are covered in full. Poor people can purchase what they call a "shared expense" Medicaid coverage. A single individual pays $700 per month but does not pay anything during the months they have zero medical expense. It works like this: Say the individual has a medical expense on month of $800.00. The individual would pay $700.00 of the bill with Medicaid paying $100.00. The next month the individual has no medical bills. The individual pays nothing at all. All of a sudden the individual has a major expense of $50K in medical bills. The individual would pay $700.00 with Medicaid picking up the brunt of the expense. This plan is qualified under the ACA.